Friday, 24 March, 2023

LG may shut down its smartphone business: Local Media

<p>LG may shut down its mobile business, according to a local newspaper report. The Korea based firm tried to sell the unit, but negotiations with Germany&rsquo;s Volkswagen and Vietnam&rsquo;s Vingroup JSC failed said the report. &ldquo; ..it is about time for LG to make a cold judgment and the best choice...The company is considering all possible measures, including sale, withdrawal and downsizing of the smartphone business,&rdquo; the LG CEO said in an internal memo.</p>